Scared his next album will be another sales disappointment, rapper
Jay-Z has signed a deal with Samsung, who will buy and distribute for
free, 1 million copies of his forthcoming CD. Many are criticizing the
move as a sales scheme on Jay-Z's end.
Previously, Jay-Z was slammed for a massive sales scandal that
discredited well known music industry company Soundscan (Jay-Z turned
it into Soundscam). Jay-Z, a one time drug dealer who still brags about
said misbehavior in a manner not helpful to impressionable people,
rather than denouncing it, bribed retailers to scan the same copy of
his CD through the register repeatedly to register higher sales.
It gave him undeserved and unearned number one records on Billboard,
also discrediting and tainting their charts, while robbing others of
their rightful position and accolades. From day one Jay-Z entered the
music industry with drug money, using it to fund his record company
Rockafella and engage in illegal payola to guarantee him airplay, which
counts towards number one singles on the music charts.
Jay-Z, who has been faced with a string of business failures, has a
career that is all smoke and mirrors, to create the illusion of
success. It's one thing to take payment for advertising tweets on
Twitter, as many have done so as a legitimate business. However, things have gone so far
regarding Jay-Z that he pays people to tweet
compliments about him, his appearance, daughter, wife and career. That's just sad.
STORY SOURCE
Samsung to Give Away 1 Million Copies of Jay-Z’s
New Album
June 16, 2013, 9:26 PM - ...The connection: Samsung has purchased 1
million copies of Jay-Z’s coming album, entitled "Magna Carta
Holy Grail," slated for release July 4, and plans to give them to
Samsung Galaxy smartphone users for free – 72 hours ahead of the
release. The users are to receive the music through an app they’ll
receive later this month. (Recipients won’t be able to share it until
the official release date.). Samsung paid $5 apiece for the albums, according to a person
familiar with the matter. It wasn’t immediately clear if Nielsen
SoundScan will count Samsung’s purchases in its sales tallies.
How ironic. Early this morning on my blog, in the entry Delusional Rupert Murdoch Thinks The Public Adores HimI outed the Wall Street Journal, as one of the News Corp newspapers involved in the U.S. version of Rupert Murdoch's phone hacking scandal in Britain - and several hours later, the head of the paper, Les Hinton, resigned his post.
In 2007, Hinton swore under oath in the British Parliament that only one News Corp journalist was involved in the scandal when it first went public in 2006, after a formal complaint I filed with the Metropolitan Police in 2005. Yet, here we have it, a number of other News Corp journalists have been arrested in the reboot of the scandal this year. At least News Corp can say they are consistent at one thing - lying (sarcasm).
CBS News, the Wall Street Journal, Politico and a number of other news sources are refuting the White House’s job creation numbers as grossly inaccurate and overstated. The fact of the matter is the U.S. economy is still in very bad shape and sugarcoating the problem is not going to solve it.
$160,000 Per Stimulus Job? White House Calls That 'Calculator Abuse'
October 30, 2009 7:12 PM - Posting its results late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.
Officials acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes...
Brian Schmidt, director of planning and programming for the commission said that his staff originally reported to the Obama administration that the stimulus money saved 250 jobs. Then, realizing they had mistakenly double credited, they later changed that to 125 jobs. Tuesday, they updated it again to 74 jobs...
So let's see. Assuming their number is right -- 160 billion divided by 1 million. Does that mean the stimulus costs taxpayers $160,000 per job?
Jared Bernstein, chief economist and senior economic advisor to the vice president, called that "calculator abuse."
He said the cost per job was actually $92,000 -- but acknowledged that estimate is for the whole stimulus package as of the end of 2010...
‘Jobs Created or Saved’ Is White House Fantasy: Caroline Baum
Oct. 28 (Bloomberg) -- ...But the government has no money of its own to spend; only what it borrows or confiscates from us via taxation. Oops.
“Government job creation is an oxymoron,” said Bill Dunkelberg, chief economist at the National Federation of Independent Business. It is only by depriving the private sector of funds that government can hire or subsidize hiring.
That’s why “jobs created or saved” is such pure fiction. It ignores what’s unseen, as our old friend Frederic Bastiat explained so eloquently 160 years ago in an essay...
Fiction Lags Reality...
Only 30,383 jobs were created or saved by the American Recovery and Reinvestment Act, according to Recovery.gov, the government’s once-transparent Web site that has become a complex blur of numbers, graphs and pie charts. These are only the jobs reported by federal contract recipients. The Obama administration will report the larger universe of ARRA-related jobs on Oct. 30...
I'm getting sick and tired of everyone talking about how much worse shape we would be in, but for (fill in the blank: TARP, stimulus, auto bail outs...) Even if it's true, it doesn't make anyone feel better. That's what I keep thinking when Obama Administration officials sound like cheerleaders claiming victory over job creation that occurred as a result of the $787 billion stimulus...
Oct. 30, 2009 - Where are all the jobs the White House is talking about? California got $18.5 billion in stimulus money, producing more than 110,000 jobs. Illinois got nearly $6.5 billion, and turned that into more than 24,000 jobs. CBS News correspondent Ben Tracy brings us the story from California, and CBS News correspondent Dean Reynolds reports from Illinois.
At Fairfax High School in Los Angeles, classrooms and budgets are tight despite the influx of stimulus dollars.
California received $7 billion for education. The government says that created or saved 62,000 jobs. But the teacher's union says California also made $6 billion in cuts to education resulting in 20,000 jobs lost. Friday, California's governor said that number could have been much worse...
MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer – Fri Oct 30, 4:42 pm ET
WASHINGTON – Flat incomes suggest more weakness ahead in consumer spending, reinforcing concerns about a ho-hum holiday shopping season and a sluggish economic recovery.
"This recovery is going to be very weak. Consumers are in no position or mood to spend. Their wages are down and they can't get credit," said Sung Won Sohn, an economics professor at California State University's Smith School of Business...
The Wall Street Journal published a video, going over some of the talking points of the economic crisis, such as the role former President Bush played in creating it and the part President Obama currently holds.
The Journal expressed something I've asserted as well. The fact President Obama inherited an economy in severe decline, does not mean history will exempt him for blame, if he fails to curb its descent, by reining in spending.
As I've stated before, increased spending poses a threat to Obama's legacy, if his plans do not pan out. Reformation in the form of cost cuts, wherever they can be made, is critical to national recovery.
